Circular Economy in Supply Chain

Abstract

A resource management strategy known as the circular economy in the supply chain aims to minimise waste and advance sustainability by extending the useful life of commodities. Using circular economy principles in the supply chain can have a big influence on the bottom line, the environment, and overall supply chain resilience. Yet other issues need to be resolved, like a lack of resources and knowledge, convoluted supply networks, and legal restrictions. Despite these obstacles, the supply chain is home to numerous circular economy projects, such as closed-loop supply chains, remanufacturing, and sustainable packaging. We may anticipate that the circular economy will continue to expand as companies, governments, and consumers learn more about its advantages.